Batteries can store energy from on-peak renewable energy and release it when it is more needed in central, de-centralised and off-grid situations. Batteries can also offer grid support services like voltage control and frequency regulation, so maintaining grid stability and flexibility.
This report aims to provide a comprehensive presentation of the global market for Power Energy Storage Battery, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Power Energy Storage Battery. This report contains market size and forecasts of Power Energy Storage Battery in global, including the following market information:
- Global Power Energy Storage Battery Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global Power Energy Storage Battery Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Power Energy Storage Battery companies in 2022 (%)
The global Power Energy Storage Battery market was valued at US$ 6987 million in 2022 and is projected to reach US$ 17870 million by 2029, at a CAGR of 14.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global storage battery for power supply key players include LG hem, EnerSys, GS Yuasa Corporate, etc. North America is the largest market, with a share about 32%, followed by China and Europe, both have a share over 40 percent. In terms of product, beyond 10 KW to 100 KW is the largest segment, with a share over 57%. And in terms of application, the largest application is utilities, followed by communications, etc.
We surveyed the Power Energy Storage Battery manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Power Energy Storage Battery Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Power Energy Storage Battery Market Segment Percentages, by Type, 2022 (%)
- Lithium Ion Battery
- All-vanadium Flow Battery
- Zinc-bromine Flow Battery
- Asvanced Lead-Acid Batteries
- Other
Global Power Energy Storage Battery Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Power Energy Storage Battery Market Segment Percentages, by Application, 2022 (%)
- Residential
- Commercial
- Industrial
Global Power Energy Storage Battery Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Power Energy Storage Battery Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Power Energy Storage Battery revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Power Energy Storage Battery revenues share in global market, 2022 (%)
- Key companies Power Energy Storage Battery sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies Power Energy Storage Battery sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- NGK Group
- ABB
- AEG
- Imergy
- SolarCity
- SAMSUNG SDI
- ZEN
- NEC
- OutBack
- Saft
- The AES Corporation
- EOS
- S&C Electric Company
- Absolute Renewable Energy(UK) Ltd
- Princeton
- GE
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of Power Energy Storage Battery, market overview.
- Chapter 2: Global Power Energy Storage Battery market size in revenue and volume.
- Chapter 3: Detailed analysis of Power Energy Storage Battery manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Power Energy Storage Battery in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: Global Power Energy Storage Battery capacity by region & country.
- Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
- Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
